"UK Regulator Blocks Microsoft's $69B Acquisition of Activision Blizzard Over Cloud Gaming Concerns"
TL;DR Summary
The UK's antitrust regulator has blocked Microsoft's $69 billion acquisition of Activision Blizzard over concerns it would hinder competition in cloud gaming. Microsoft will appeal the decision, while Activision said it would "work aggressively" with Microsoft to reverse it. Activision's shares fell nearly 12%, moving further from Microsoft's offer price of $95 per share. The gaming company also reported quarterly results on Wednesday, a day earlier than scheduled, beating quarterly bookings estimates although that seemed to do little to allay investor concerns about Britain's move.
- UK blocks Microsoft's $69 bln Activision deal over cloud gaming concerns Reuters
- UK blocks Microsoft takeover of Activision Blizzard CNN
- UK regulator blocks Microsoft's $69 billion acquisition of Activision Blizzard CNBC Television
- UK Regulator Rejects Microsoft-Activision Deal But Will It Withstand an Appeal? Bloomberg
- Stock Markets React After U.K. Blocks Microsoft’s Activision Bid The New York Times
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